Friday, November 20, 2020 12:18:49 PM
On November 3, 2020 the Company entered into a Purchase Agreement to acquire all of the assets of V Brokers LLC dba as Veteran Hemp Co. from Patriot Shield National, LLC. Veteran Hemp Co. is a seller, broker and wholesaler of cannabidiol (“CBD”) products. The aggregate purchase price for the assets shall be $250,000 paid with 5,000,000 common shares of HENC at $0.05 per share plus the assumption of Assumed Liabilities. Under the terms of the Purchase Agreement Patriot Shield National LLC has also assigned certain intellectual property, assets, and the website www.veteranhepco.com.
On November 4, 2020 the Company will be purchasing a website and business currently selling CBD topicals and rubs under the name “Highly Relaxing”. Hero Technologies will retain the owner on a consulting basis to create and continue the manufacture of the topical rub for the Company and to continue operations. In exchange the seller will receive 100,000 common shares for these services and $2.00 per topical can of rub sold.
DOVER, DE / ACCESSWIRE / September 16, 2020 / On September 10, 2020, Hero Technologies Inc. (OTC PINK:HENC) entered into an operating agreement to form the company Blackbox Technologies and Systems LLC, a Delaware Limited Liability Company ("Blackbox"). Blackbox will operate as a subsidiary of Hero Technologies. Hero will pay all or a percentage of Blackbox's costs for a 56.42% membership interest and majority control in the subsidiary, which includes licenses Blackbox owns or will acquire in the future
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